Sanders Morris Harris LLC acquired a new stake in Motorola Solutions, Inc. (NYSE:MSI – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,735 shares of the communications equipment provider’s stock, valued at approximately $2,113,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of MSI. Aristotle Capital Management LLC bought a new stake in shares of Motorola Solutions in the 1st quarter valued at approximately $983,432,000. Bank of New York Mellon Corp bought a new position in Motorola Solutions during the second quarter worth $374,617,000. Balyasny Asset Management L.P. lifted its stake in Motorola Solutions by 9,067.3% during the fourth quarter. Balyasny Asset Management L.P. now owns 575,159 shares of the communications equipment provider’s stock worth $220,470,000 after purchasing an additional 568,885 shares during the last quarter. Bank of America Corp DE boosted its holdings in Motorola Solutions by 34.3% in the first quarter. Bank of America Corp DE now owns 1,381,506 shares of the communications equipment provider’s stock worth $599,532,000 after purchasing an additional 352,679 shares during the period. Finally, Man Group plc boosted its holdings in Motorola Solutions by 900.4% in the fourth quarter. Man Group plc now owns 389,373 shares of the communications equipment provider’s stock worth $149,254,000 after purchasing an additional 350,453 shares during the period. Institutional investors and hedge funds own 84.17% of the company’s stock.
Motorola Solutions Stock Performance
Shares of Motorola Solutions stock traded up $1.94 on Wednesday, reaching $450.95. 769,242 shares of the company were exchanged, compared to its average volume of 1,052,924. The company has a debt-to-equity ratio of 3.13, a quick ratio of 0.86 and a current ratio of 1.10. The company’s 50-day moving average is $464.31 and its two-hundred day moving average is $435.36. The firm has a market cap of $74.63 billion, a price-to-earnings ratio of 35.51, a P/E/G ratio of 2.67 and a beta of 0.88. Motorola Solutions, Inc. has a 1-year low of $359.36 and a 1-year high of $494.85.
Motorola Solutions Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 16th will be given a $1.21 dividend. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $4.84 annualized dividend and a yield of 1.1%. Motorola Solutions’s dividend payout ratio (DPR) is currently 38.11%.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on MSI. Morgan Stanley reiterated an “overweight” rating and set a $476.00 target price (up from $470.00) on shares of Motorola Solutions in a research note on Thursday, August 6th. UBS Group raised their price target on shares of Motorola Solutions from $510.00 to $520.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Evercore lifted their price target on shares of Motorola Solutions from $525.00 to $550.00 in a report on Thursday, October 8th. Weiss Ratings raised shares of Motorola Solutions from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, Truist Financial boosted their price objective on shares of Motorola Solutions from $525.00 to $545.00 and gave the company a “buy” rating in a research report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Motorola Solutions presently has a consensus rating of “Buy” and an average target price of $530.10.
Insiders Place Their Bets
In other news, CEO Gregory Brown sold 14,220 shares of the company’s stock in a transaction dated Wednesday, September 2nd. The shares were sold at an average price of $485.22, for a total transaction of $6,899,828.40. Following the completion of the transaction, the chief executive officer owned 66,648 shares in the company, valued at approximately $32,338,942.56. This represents a 17.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Kathryn A. Moore sold 1,004 shares of the company’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $476.96, for a total transaction of $478,867.84. Following the transaction, the senior vice president owned 1,282 shares of the company’s stock, valued at $611,462.72. This represents a 43.92% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.28% of the company’s stock.
Motorola Solutions Company Profile
Motorola Solutions, Inc is a technology company that provides communications, command center, video security and analytical solutions for public safety and commercial organizations. Its offerings are designed to help government agencies, first responders, enterprises and other organizations coordinate operations, manage incidents and improve security.
The company’s products and services include land mobile radio communications, broadband and software-based communications, computer-aided dispatch and records-management systems, video security and access-control technologies, and command center software.
Featured Articles
- Five stocks we like better than Motorola Solutions
- Tesla Wants to Make Its Own Chips—What Could Go Wrong?
- IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver?
- PBF Energy’s Stunning Rally Faces a Critical Test
- Citi Stock Falls Despite Earnings Beat: What Investors Need to Know
Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions, Inc. (NYSE:MSI – Free Report).
Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
